Examlex

Solved

Table 19-11
Production and
Consumption Production
Without Trade with Trade

question 150

Multiple Choice

Table 19-11
Production and
Consumption Production
Without Trade With Trade
 Clucks  Huts  Clocks  Hats  Derrnark 9001501,2000 Belize 1501000400\begin{array} { | l | l | l | l | l | l | } \hline & \text { Clucks } & \text { Huts } & & \text { Clocks } & \text { Hats } \\\hline \text { Derrnark } & 900 & 150 && 1,200 & 0 \\\hline \text { Belize } & 150 & 100 && 0 & 400 \\\hline\end{array}
Denmark and Belize can produce both clocks and hats.Table 19-11 shows the production and consumption quantities without trade, and the production numbers with trade.
-Refer to Table 19-11.Prior to trade,what was the opportunity cost to produce 1 clock in Denmark?


Definitions:

Insurance Claim Forms

Documents submitted by an insured individual or healthcare provider to an insurance company for reimbursement of healthcare expenses.

Accredited Medical

A designation that indicates a medical institution or program meets certain standards of quality and competence.

Externships

Work experience programs, often part of an academic course of study, that give students short-term opportunities to gain practical experience in their field of study.

Allied Health Profession

Occupations in healthcare that provide a range of diagnostic, technical, therapeutic, and direct patient care and support services.

Related Questions